SPX: S&P 500 Companies Shine Halfway Through the Earnings Season, Apple & Amazon Up Next

Of those that have reported Q2 figures, a hefty 80% have topped Wall Street’s earnings expectations.

• The S&P 500 is in the heat of the earnings season with just about half of all companies already checked out. Of the roughly 250 companies that have offloaded their second-quarter figures, a lofty 80% have beat earnings expectations. More participants are fired up and ready to go.
• The geek week continues with two majors from the big tech league. The world’s most valuable company at $3tn, Apple AAPL, is slated for an update on Thursday, joined by ecommerce and cloud computing giant Amazon AMZN, both reporting after the closing bell.
• On Friday, the S&P 500 notched a 52-week high after a 1% gain. Its two peers, the Dow Jones and the Nasdaq, also surged, reversing losses from the previous day. The broad-based index is now sitting on a 19% advance so far in the year, after losing 19% in 2022.